Picton Mahoney Asset Management Trims Position in KKR & Co. Inc. (NYSE:KKR)

Picton Mahoney Asset Management cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 17.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 144,380 shares of the asset manager's stock after selling 30,468 shares during the quarter. Picton Mahoney Asset Management's holdings in KKR & Co. Inc. were worth $21,356,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KKR. Pettinga Financial Advisors LLC purchased a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $238,000. Apollon Wealth Management LLC raised its position in KKR & Co. Inc. by 65.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 7,474 shares of the asset manager's stock worth $976,000 after buying an additional 2,961 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 134.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 11,274 shares of the asset manager's stock valued at $1,472,000 after purchasing an additional 6,468 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of KKR & Co. Inc. by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 234,181 shares of the asset manager's stock valued at $30,579,000 after purchasing an additional 2,835 shares in the last quarter. Finally, Haverford Trust Co increased its holdings in shares of KKR & Co. Inc. by 19.7% during the 3rd quarter. Haverford Trust Co now owns 2,874 shares of the asset manager's stock valued at $375,000 after purchasing an additional 473 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 4.5 %

Shares of KKR opened at $113.54 on Friday. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm's fifty day moving average is $142.16 and its two-hundred day moving average is $141.55. The stock has a market cap of $100.85 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.62%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Wells Fargo & Company cut their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley cut their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average price target of $161.43.

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Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.

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